According to CME's "FedWatch Tool": The probability that the US Fed will maintain interest rates unchanged in May is 96.3%, and the probability of a 25-basis-point interest rate cut is 3.7%. The probability that the US Fed will maintain interest rates unchanged by June is 22.1%, the cumulative probability of a 25-basis-point interest rate cut is 75.0%, and the cumulative probability of a 50-basis-point interest rate cut is 2.8%.

On May 28, 2025, the European Commission issued a notice, making an affirmative final determination on anti-dumping measures against flat-rolled products of iron or non-alloy steel plated or coated with tin originating in China. It ruled that the anti-dumping duties for Baoshan Iron & Steel Co., Ltd. and WISCO-Nippon Steel Tinplate Co., Ltd. would both be 13.1%, for Shougang Jingtang United Iron & Steel Co., Ltd. would be 46.8%, for other cooperating enterprises (see the attachment in the original text for details) would be 24.6%, and for other companies would be 62.3%. The EU Combined Nomenclature (CN) codes for the products in question are 7210 11 00, 7210 12, ex 7210 70, 7210 90 40, ex 7210 90 80, 7212 10, and ex 7212 40 (with TARIC codes 7210701015, 7210708020, 7210708092, 7210908020, 7212402010, 7212408012, 7212408030, 7212408080, and 7212408085). The dumping investigation period for this case was from April 1, 2023, to March 31, 2024, and the injury investigation period was from January 1, 2020, to the end of the dumping investigation period. The measures took effect on the day following the publication of the notice. On May 16, 2024, the European Commission initiated an anti-dumping investigation into flat-rolled products of iron or non-alloy steel plated or coated with tin originating in China. On January 14, 2025, the European Commission made a preliminary determination on anti-dumping measures against flat-rolled products of iron or non-alloy steel plated or coated with tin originating in China. (Compiled from: European Commission website) Original text: https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:L_202501042

[SMM Steel Market Morning News: The Third Session of the 16th Beijing Municipal People's Congress to Be Held on January 14] The Third Session of the 16th Beijing Municipal People's Congress will be held on January 14, 2025. The proposed agenda includes: hearing and reviewing the Beijing Municipal Government Work Report...

In response to global trends and the low-carbon demands of automotive end-users, steel producers actively promote the R&D and production of low-carbon automotive steel technologies.

The Cornerstone Plan 2.0 poses a question on how iron resources should adapt in terms of variety and form to the low-carbon transformation trend in the steel production process in the future.

According to the website of the National Development and Reform Commission, from August 3 to 4, Guo Lanfeng, a member of the Party leading group of the National Development and Reform Commission, led a team to Tianjin Binhai New Area and Tangshan City in Hebei Province to carry out research on high-quality development.